Citrus Heights, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Citrus Heights, CA Real Estate Data


Citrus Heights Housing Market Information

With a population of 87,056, 32,987 total housing units (homes and apartments), and a median house value of $283,836, Citrus Heights real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Citrus Heights, accounting for 56.74% of the city's housing units. Other types of housing that are prevalent in Citrus Heights include large apartment complexes or high rise apartments ( 20.19%), row houses and other attached homes ( 9.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.77%).

The most prevalent building size and type in Citrus Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.50% owning and 45.50% renting.

There is a lot of housing in Citrus Heights built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Citrus Heights built between 1940-1969 ( 23.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.60%).

Citrus Heights Home Appreciation Rates

Citrus Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Citrus Heights during the period has been just -1.79%, which is lower than 80% of US communities.

Appreciation rates are so strong in Citrus Heights that despite a nationwide downturn in the housing market, Citrus Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Citrus Heights appreciation rates continue to be some of the highest in America, at 10.14%, which is higher than appreciation rates in 93.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Citrus Heights. Citrus Heights appreciation rates in the latest quarter were at 2.21%, which equates to an annual appreciation rate of 9.12%.

Importantly, this makes Citrus Heights one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Citrus Heights's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Citrus Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Citrus Heights - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Citrus Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$283,836

Citrus Heights, CA HOME PRICES

Value Range
> $1,385,000 0.1
$1,039,001 - $1,385,000 0.3
$693,001 - $1,039,000 1.1
$554,001 - $693,000 2.0
$416,001 - $554,000 9.5
$277,001 - $416,000 36.5
$139,001 - $277,000 38.0
$69,001 - $139,000 3.8
$0 - $69,000 8.6

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
17.7545997890543 68.3862433862434

Number Of Homes And Apartments:
32,987

Rent & Ownership

 

Average Market Rent:
$1,197 / per month

Homeownership Rate

Homeownership
Owners 54.50
Renters 45.50
Vacant 4.48

Housing Market Details

 

Age of Homes

AGE OF Citrus Heights HOMES
2000 or Newer 4.6
1970 - 1999 71.4
1940 - 1969 23.1
1939 or Older 0.9

Types of Homes

TYPE OF Citrus Heights HOMES
Single-Family 56.7
Townhomes 9.6
Small Apt. Buildings 8.8
Apt. Complexes 20.2
Mobile Homes 4.7
Other 0.1

Home Size

SIZE OF Citrus Heights HOMES
No Bedroom 1.54
1 Bedroom 11.38
2 Bedrooms 26.28
3 Bedrooms 43.61
4 Bedrooms 15.20
5 or more bedrooms 1.99

Citrus Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
76.86% 3.36% 5 9
* 10 is highest